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The Korea Herald

Automobiles

January 22, 2019
Hyundai Mobis targets US$2b orders this year

[THE INVESTOR] Hyundai Mobis said on Jan. 22 it is targeting US$2.1 billion worth of orders this year on growing demand for next-generation vehicle components. The order target is 20 percent higher than a record US$1.7 billion Hyundai Mobis bagged last year, the company said in a statement. ...
January 21, 2019
Hyundai develops safer air bag deployment system

[THE INVESTOR] Hyundai Motor Group said on Jan. 21 it has developed a safer air bag deployment system to better protect people from multiple crashes. The advanced air bag system immediately prepares for additional crashes once it recognizes an initial collision, in cases where the collision is...
January 20, 2019
A tale of two sports cars in wintery Korea

[THE INVESTOR] Driving a sports car on slippery roads in wintertime is definitely not a smart thing to do, but can be fun if you know how to handle the adrenaline-stimulating horsepower from a turbocharged engine. And the advanced safety features of the latest sports cars to hit the market, includ...
January 18, 2019
Seoul picks SKT to test autonomous cars using 5G tech

[THE INVESTOR] Seoul City has chosen top mobile carrier SK Telecom as the main operator of its pilot project to test autonomous cars using 5G technology, according to sources on Jan 18. “The project will offer companies urban sites to intensively develop their technologies on real roads. SKT was...
January 17, 2019
Mercedes-Benz to add EV, hybrid models to lineup

[THE INVESTOR] Mercedes-Benz Korea said on Jan. 17 it will launch an all-electric vehicle and four hybrid models to its lineup this year to gain a bigger market share here. The German carmaker plans to introduce a new purely electric EQC crossover called and four kinds of plug-in gasoline hybr...
January 16, 2019
SsangYong Motors to raise W50b for new car, facility investment

[THE INVESTOR] SsangYong Motor said on Jan. 16 it will raise 50 billion won (US$47 million) through a rights issue for new vehicle development and facility investments. The carmaker plans to release 11,890,606 common stocks for 4,205 won per share and its parent Mahindra & Mahindra will purcha...
January 16, 2019
Grab begins Hyundai Kona EV-based ride-hailing service

[THE INVESTOR] Hyundai Motor said on Jan. 16that Singapore-based Grab began using its Kona Electric for its ride-hailing service this month. In November, Hyundai and its affiliate Kia Motors jointly invested US$250 million in the Southeast Asian company for a business partnership in ride-haili...
January 15, 2019
Toyota fined W800m for deceptive advertising

[THE INVESTOR] Korea’s antitrust watchdog said on Jan. 15 that it has fined Toyota Motor Korea 817 million won (US$729,000) for deceptive advertising of its RAV4 sport utility vehicle. The carmaker advertised that its RAV4 obtained a top safety pick in five test categories, including the driv...
January 15, 2019
Genesis G70, Hyundai Kona win coveted awards at Detroit auto show

[THE INVESTOR] Hyundai Motor’s Kona SUV and Genesis G70 sedan won the coveted North American Car, Utility and Truck of the Year awards at the Detroit auto show, the carmaker said on Jan. 15. The Genesis G70 was chosen over Honda Motor’s Insight and Volvo Cars’ S60 sedan by the automotive me...
January 14, 2019
GM Trax SUV maintains top-selling export status in 2018

[THE INVESTOR] GM Korea’s Trax compact sport utility vehicle topped the list of locally produced vehicles in terms of outbound shipments last year, industry data showed on Jan. 14. In 2018, 239,800 Trax SUVs were exported, maintaining the model‘s position as the best-selling export car for a...
January 11, 2019
Hyundai’s Kona Ironman Edition to go on sale this month

[THE INVESTOR] Hyundai Motor said on Jan. 11 it will begin the sale of the Kona Ironman Edition in global markets this month. The Kona subcompact sport utility vehicle, which features the Marvel superhero character, will go on sale first in the Korean market on Jan. 23 and in other markets aft...
January 10, 2019
BMW Korea fined W14.5b over false emissions papers

[THE INVESTOR] A Seoul court on Jan. 10 ordered the local unit of BMW to pay a fine of 14.5 billion won (US$12.90 million) for falsifying documents on gas emissions required by the Korean government for domestic sales. Finding the automaker guilty of violating the customs law, the Seoul Centra...
January 08, 2019
Hyundai’s new HQ gets gov’t approval after 3-year wait

[THE INVESTOR] Hyundai Motor Group has got final approval for the construction of its 596-meter high new headquarters in southern Seoul, almost three years after it was first proposed, the Land Ministry said on Jan. 8. Korea’s largest automaker’s plan to build its new headquarters -- Global Bu...
January 08, 2019
[CES 2019] Back to the future with ‘flying cars’ on horizon

[THE INVESTOR] LAS VEGAS -- When it comes to future mobility, autonomous vehicles typically take the spotlight, as global automakers and tech companies compete to bring self-driving cars into the mainstream. Further stretching the limits of transport, another mobility technology, once conside...
January 08, 2019
[CES 2019] Hyundai unveils 4-legged walking concept car

[THE INVESTOR] LAS VEGAS -- When we think of a car, the obvious image has always been one with four wheels attached to the vehicle’s body. However, Korea’s Hyundai Motor has pushed the boundaries of this definition with its “walking car” concept Elevate, which was unveiled on the sidelines of...

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